April, 10 2019 /Politics, Law & Society

Corrupt businessmen are wiring money to bank accounts of shell companies

Illegal Arms dealer Tony Abi Saab launders money through Brescia Middle East
 

Digitalization is supposed to have more pros than cons, but due to rampant corruption and extremist ideology, the digital world has become a dangerous place to live in. Now people like Tony Abi Saab who support terrorism for profit do arms dealing business and get money transferred into their accounts from the far-away countries. Commencement of net-banking has made illegal transactions and money laundering easier.

The Lebanese businessman and arms dealer, Tony Abi Saab defrauded the US military of 5 million dollars in contracts fraud in Afghanistan and laundered multimillion dollars obtained from the terrorists through his front company Brescia Middle East. He launders money to hide the original source of the profit, that is, illicit trade with terrorists. To avoid being caught on criminal charges and also, to not let the law-enforcement officials seize his property, Tony puts his best effort to make the money look legal.

Tony deals in arms and weapons with the terrorists through his front company Brescia Middle East and his shell companies--K5 Global, Brixia, SIMAINT, Tactica-Ltd and G2Armory in exchange to hard cash. His shell companies take orders of guns and weapons from terror organizations and deliver them. The black money obtained from the illegal business is smuggled across borders and deposited in bank accounts of anonymous individuals or go for laundering in BME. The profit money goes to the bank accounts of his business partners in Europe, Middle East, and Asia.

Many other fraudsters and criminals do the same to avoid interference of income tax officials. Tony has been laundering money for decades now. The foul mechanism of Tony Abi Saab once caught the eye of the US officials and they investigated the matter. They found out Tony’s role in many contract scams including the multimillion dollars fraud against the US Corps of Engineers in Afghanistan.

 
Chief Editor
2019-04-09
Lebanon